• Best ever - All Time High - H1 - Q2 - FY14 Revenue Performance.
• Growth of 33.5% in Q2 and 23.8 percent in H1 — FY14.
• Record Breaking - Export of Rs.473.4 Crores in H1 - FY14 registering 59.4% growth.
Half Year and 2nd Quarter, FY14 - Performance
Amount in Rs. Crores
Standalone H1 FY14 H1 FY13 2C/ FY14 2Q FY13
Revenue 1,875.5 1,514.4 840.9 629.8
EBIDTA 313.1 304.8 134.3 121.7
Reported PAT (111.5) 19.4 (65.0) 36.3
Adjusted PAT* 87.7 71.0 21.5 8.4
A including other operating income and excise duty *before exceptional item (forex-MTM)
Jain Irrigation, the largest micro irrigation Company in the country and the second largest globally, has announced unaudited standalone results for the 2" quarter FY14 and Half Year ended 30th September, 2013.
The Revenue for the quarter was at Rs.840.90 Crores at a growth of 33.5% (02 FY13 of Rs.629.8 Crores). Domestic business grew at 20.4% while with very encouraging orders from overseas market, exports from India grew by 79.9% in current quarter. PE Pipes had strong growth of 197.7%, PVC sheet and Fruit also shown good growth at 65.4% and 56.3% respectively. Onion has grown by 7.8%, PVC pipes maintained at almost same level of revenue and grew at 1.6% only. Green Energy business de-grew by 10.7%, due to disposal of wind power unit. Micro Irrigation business grew at 20.1%, as export of MIS has grown substantially by 200% in Q2 FY14 resulting in revenue of Rs.300 Crores. Overall EBIDTA was at Rs.134.3 Crores for current quarter, showing a improvement 10.4% over corresponding quarter 02 FY13 EBIDTA of Rs.121.7 Crores, although in percentage term the EBIDTA has reduced by 330 basis points and remains at 16% (19.3% in 02 FY13) due to higher input costs, changes in product mix and new business model of MIS on cash basis. Unrealized forex loss (shown as exceptional item) of Rs.86.5 Crore
• Growth of 33.5% in Q2 and 23.8 percent in H1 — FY14.
• Record Breaking - Export of Rs.473.4 Crores in H1 - FY14 registering 59.4% growth.
Half Year and 2nd Quarter, FY14 - Performance
Amount in Rs. Crores
Standalone H1 FY14 H1 FY13 2C/ FY14 2Q FY13
Revenue 1,875.5 1,514.4 840.9 629.8
EBIDTA 313.1 304.8 134.3 121.7
Reported PAT (111.5) 19.4 (65.0) 36.3
Adjusted PAT* 87.7 71.0 21.5 8.4
A including other operating income and excise duty *before exceptional item (forex-MTM)
Jain Irrigation, the largest micro irrigation Company in the country and the second largest globally, has announced unaudited standalone results for the 2" quarter FY14 and Half Year ended 30th September, 2013.
The Revenue for the quarter was at Rs.840.90 Crores at a growth of 33.5% (02 FY13 of Rs.629.8 Crores). Domestic business grew at 20.4% while with very encouraging orders from overseas market, exports from India grew by 79.9% in current quarter. PE Pipes had strong growth of 197.7%, PVC sheet and Fruit also shown good growth at 65.4% and 56.3% respectively. Onion has grown by 7.8%, PVC pipes maintained at almost same level of revenue and grew at 1.6% only. Green Energy business de-grew by 10.7%, due to disposal of wind power unit. Micro Irrigation business grew at 20.1%, as export of MIS has grown substantially by 200% in Q2 FY14 resulting in revenue of Rs.300 Crores. Overall EBIDTA was at Rs.134.3 Crores for current quarter, showing a improvement 10.4% over corresponding quarter 02 FY13 EBIDTA of Rs.121.7 Crores, although in percentage term the EBIDTA has reduced by 330 basis points and remains at 16% (19.3% in 02 FY13) due to higher input costs, changes in product mix and new business model of MIS on cash basis. Unrealized forex loss (shown as exceptional item) of Rs.86.5 Crore
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